Batch Grading

That is almost exactly how they do it except they don't buy rolls then break up sets.(Rolls are most likely the rejects from someone else who broke up sets. The chances of getting 70's from them is pretty much zero.)

So you break up a bunch of sets and only send in the ones you think have a good chance at making 70 and specify a minimum grade of 69. If enough make the minimum you don't get charged for the ones that don't make the minimum grade and if enough make the grade slabbing cost can be as low as 5 or 6 dollars each. Get some 70's and the profit from those pays for the entire slabbing deal. That leaves you woith a buch of 69's that you effectively have at zero cost. So whatever you sell them for is pure profit. So you can sell them for less than what the supposed slabbing cost would be and still make money.

Great info, thanks. So these folks don't have to pay anything for coins that grade below the minimum they set? Would the same hold true for somebody like me that sent in, say 10 Morgans, and ask that only the top 5 be slabbed?

Or would that service be understandably reserved for volume dealers?

Rick

I think they should just rename 69 and 70 to one grade called Perfect. The difference between the two is just a coin flip.